ATS Corporation Faces Revenue Decline but Achieves Record Order Bookings

An announcement from ATS Corporation ( (TSE:ATS) ) is now available.

ATS Corporation reported a decrease in its third-quarter fiscal 2025 results, with revenues dropping to $652.0 million, and a significant decline in net income to $6.5 million. Despite the lower revenues attributed to reduced market demand in the North American EV market, the company experienced strong growth in order bookings, reaching a second-highest record in company history, driven by strong performance in the life sciences and food and beverage sectors. The CEO highlighted the robust order backlog, which supports future revenue visibility and value creation for stakeholders.

More about ATS Corporation

ATS Corporation operates in the automation industry, focusing on providing innovative automation solutions to various sectors, including life sciences, food and beverage, and the North American electric vehicle market.

YTD Price Performance: -13.83%

Average Trading Volume: 264,433

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$3.73B

Learn more about ATS stock on TipRanks’ Stock Analysis page.